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Shares of 3M Jump by 4.7%,
Bucking Trend of Broad Selling

By

Karen Talley Dow Jones Newswires

Updated July 21, 2003 9:24 p.m. ET

NEW YORK -- A strong performance by 3M was the best thing that could be said about the Dow Jones Industrial Average on a day that saw half its 30 components drop by 2% or more. The selling was big and broad, with just four Dow industrials managing to end in the green.

The clutch of risers starred 3M, vaulting $6.17, or 4.7%, to $136.35 after second-quarter net income came in at $1.56 a share when analysts were expecting $1.51 and the...